Here we go again, yahoo has an article on the recent housing report that paints a less than rosy outlook…
http://biz.yahoo.com/ap/080225/economy.html
Sales down, median price down, inventory up… inventory has balooned to over a ten month supply… are you kidding me ?
This coupled with wave after monstrous wave of foreclosures… flooding the already bloated existing home inventory… [...]
As you know the offer of $120,000.00 was rejected by the sellers of the co-op… the realtor said that the owners didn’t want to go that low… well, I just looked at the MLS and there are currently three units that are exactly the same size (2 bed, 1 bath) … one is listed at [...]
We put in an offer at $120k, with the owner carrying a portion of the loan… thought we had a great deal configuration out there… and bamm… the sellers rejected the offer completely.
So, we are back at square one. No house, no condo for my mother in law.
But, I have to tell you that I [...]
We were looking in the MLS, and we saw a 2bed, 1bath condo in Redlands, for only $125,000.00!
We were sure there had to be some sort of catch… seemed way too good to be true.
There was… it turns out, its not a condo… its a co-op… I had never even heard of a co-op… but, [...]